IntegraFin's Transact outperforms FTSE All-Share in fourth quarter
IntegraFin Holding
300.00p
13:14 30/04/24
IntegraFin Holdings updated the market on funds under direction for its Transact platform for the fourth quarter ended 30 September on Tuesday, with the figure rising almost 4% over the third quarter.
Financial Services
13,927.50
13:19 30/04/24
FTSE 250
20,076.85
13:20 30/04/24
FTSE 350
4,503.50
13:20 30/04/24
FTSE All-Share
4,456.80
13:20 30/04/24
The FTSE 250 firm said that, as at period end, funds under direction totalled £33.11bn.
That represented an increase of 3.9% over the quarter, and 18.6% over the year-end for the 2017 financial year.
Over the quarter, the FTSE All Share Index dropped by 1.8% by comparison, while the MSCI World Index increased by 5.8%.
“We report another positive FUD update in what is becoming an increasingly challenging market environment,” said chief executive officer Ian Taylor.
“Net inflows for the financial year were 11.7% higher than last year and outflows have decreased as a proportion of opening FUD - 6.7% vs 7.2%.”